Coin Vs Token

Are you confused between Coins and Token? Then this article helps you to know all the useful things between Coin s and Token.

There are more than 1500 cryptocurrencies in the market. We can divide it into two parts first one is Coin and second one is Token.

Coin

We can also divide Coin into two subparts the First one is Bitcoin and second is Altcoin. Bitcoin is the main cryptocurrency coin and Altcoins simply refers to coins that are an alternative to Bitcoin. Most of the altcoins are developed by modifying bitcoin source code, and altcoins are developed at the time of bitcoin hardfork. Hardfork is a process in which bitcoin's existing source code modifies where some old protocols are replaced with new protocols and this process is known as bitcoin's hardfork.

Some example of altcoins are Ripple, Litecoin, Dash Coin, NEM, Monero and many more.

Token

A Token is also a part of cryptocurrency. Tokens are a representation of a particular asset or utility. A token is a kind of currency which is associated with any project and developed to access services related to that project. In Today's market, there are too many projects available that are based on Cryptocurrency.

Some examples of Tokens are Bitdegree, Tokenpay, etc...

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